---
kind: "section"
citation: "7 C.F.R. § 1487.16"
title: "7"
number: "1487.16"
heading: "Suspension and termination of agreements."
url: "https://uscodex.org/cfr/7/1487.16"
---

# §1487.16. Suspension and termination of agreements.

- (a) An agreement or subaward may be suspended or terminated in accordance with 2 CFR [200.338](/cfr/2/200.338.md) or [200.339](/cfr/2/200.339.md). FAS may suspend or terminate an agreement if it determines that:
  - (1) One of the bases in 2 CFR [200.338](/cfr/2/200.338.md) or [200.339](/cfr/2/200.339.md) for termination or suspension by FAS has been satisfied; or
  - (2) **The continuation of the assistance provided under the agreement is no longer necessary or desirable.**
- (b) If an agreement is terminated, the Participant:
  - (1) Is responsible for using or returning any CCC-provided funds, interest, or program income that have not been disbursed, as agreed to by FAS; and
  - (2) Must comply with any closeout and post-closeout procedures specified in the agreement and 2 CFR [200.343](/cfr/2/200.343.md) and [200.344](/cfr/2/200.344.md).

## Notes

### Authority

Authority: 7 U.S.C. 5623, 5662-5663, as amended.

### Source

Source: 84 FR 70394, Dec. 23, 2019, unless otherwise noted.